Description
Exploring the Rise of Protectionism and Its Impact on Global Trade: A Mixed-Methods Study
Abstract
In current years, different countries adopt protectionist measures like quotas and traffic, and subsidies to address the trade imbalance and ensure the domestic industries. The research investigates the effect of protectionism on trade flows, economic integration, and supply chain. Both advanced and developed economics are involved in the analysis to understand the commercial implications. The study examines the rise of protectionism and its impact on international trade using the mixed approach.
In the quantitative phase, the econometric analysis evaluates the protectionism impacts on market access and trade volume. It also discovers the changes in tariff rates before and after protectionist measures are used. The analysis contains the trade agreement, foreign direct investment and GDP. It also enables for an understanding of protectionism’s larger economic effects on both international trade systems and national economics. The qualitative stage includes the policymaker’s business leaders, and trade professionals delivering in-depth information. Moreover it highlights the issues experienced by the business directing the trade barriers. The qualitative data adds a framework to the strategic and political considerations driving it. It displays how the evaluations impact the organization’s decisions and policy formulation.
However the combination of the qualitative and quantitative approaches offers an overview. By implementing these two methods, the paper provides a summary of the protectionism rising impact. It also highlights how the protectionism policies reshape the international trade dynamics. Understanding the protectionism impacts is important for businesses alike and policy makers. Moreover the findings provide meaningful insights into the benefits and costs of the protectionism policies. They also deliver recommendations for overcoming challenges in the international economy. The paper contributes to the developing body of research on the impacts of it. It also provides theoretical and theoretical information of the developing international trade in raising of the protectionism.
Read more about the topic
The effects of Protectionist Polices on International Trade
Protectionism in International Trade: Significance and Effectiveness
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